American Electric Power — Oct 29, 2025 release

AEP’s peak system demand is expected to surge to 65 GW by 2030, up from a current peak of 37 GW, highlighting the robust long-term growth that the company is experiencing across its service territory. To meet this opportunity, the company is investing $30 billion in transmission assets in the new capital plan. AEP’s pioneering transmission work, including developing the nation’s largest 765-kilovolt transmission network, has played a significant role in securing customers who need reliable delivery of large load power. AEP also plans to invest more than $20 billion in generation resources across the service territory in the next five years to meet the demands of customers in fast-growing regions. Nearly a quarter of the capital plan – $17 billion – is dedicated to AEP’s distribution network as the company builds on system enhancement programs. “As one of the largest utilities in the nation, we are using our scale to ensure we can deliver the power our customers need. We are utilizing our position as a leading transmission owner, our experience building distribution and our success in securing critical infrastructure for generation and additional high voltage equipment to meet the needs of our customers over the next five years,” said Bill Fehrman, AEP chairman, president and chief executive officer. Effectively Managing Growth Maintaining affordability has been a key priority. AEP is leading the way to implement new tariff structures acros